The latest business news in Nigeria, Africa and the world.

Central Bank

CBN Directs Banks To Give Loans To Agric, Manufacturing Firms At 9%

The Central Bank of Nigeria (CBN) says it will support banks in the country to enable them to give loans to players in the agricultural...

Presidency Says Prices Of Foodstuff Have Crashed

The Personal Assistant on New Media to President Muhammadu Buhari, Bashir Ahmad on Thursday claimed that the prices of foodstuff have reduced.

FIRS Closes Calabar’s Tinapa Resort

The Tinapa Business and Leisure Resort in Calabar, the Cross Rivers State capital, has been closed by the Federal Inland Revenue Service (FIRS).

Naira Finishes At N362.30 To Dollar

The Naira on Wednesday ended at N362.30 to the dollar at the investors’ window, as investors traded 147.8 million dollars.

Nigeria To Create 3m Jobs, Generate $88bn Via Digital Economy

Nigeria will make $88bn and create three million jobs via the digital economy in the next ten years.

Bank Of Industry Partners EFCC In Farmers Loan Recovery

The Bank of Industry on Tuesday has said it is working with the Economic and Financial Crimes Commission to recover loans taken by some farmers from the bank.

Nigeria Borrows N410b To Fund 2018 Budget

Nigeria has borrowed N410 billion from the capital market to fund the 2018 budget, the Debt Management Office (DMO) has said.

Nigeria’s Debt Rises To N22trn

Nigeria's debt profile has gone up to N22.38tn after rising by 3.01 per cent in the last six months, according to the Debt Management Office (DMO).

Discos Responsible For Metering Consumers, FG Restates

Minister of Power, Works and Housing, Babatunde Fashola has reiterated that it is the work of the Discos to give consumers meters. 

Power Generation Drops To 2,684MW

Nigeria's power generation has dropped by 777.9 megawatts on Monday as output from the hydropower plants and gas-fired stations suffered declines.
United Africa Company of Nigeria

UAC Foods Appoints New Managing Director

The United Africa Company of Nigeria (UACN) has appointed Oladele Ajayi as the Managing Director of UAC Foods Limited.

Nigeria To Concession Six Hydro Dams

Minister of Works, Power and Housing Babatunde Fashola has revealed that Nigeria has finished plans to concession six hydro dams to private operators.

Buhari To Give Two Million Traders Loans Without Collateral

The Federal Government will give collateral-free loans to two million petty traders before the end of the year through the Trader Moni initiative. 

Lagos Light Rail To Start Operation 2022

The Lagos State Government has said the light rail project between Mile 2 and Marina will begin passenger operation in 2022.

Nigeria Imported 6.5b Litres Of Fuel In Three Months – NBS

About 6.5 billion litres of petroleum products were imported into Nigeria between April and June 2018, according to the National Bureau of Statistics (NBS).

SEC Gives December Deadline For Registration Of Unlisted Securities

The Securities and Exchange Commission (SEC) on Friday issued Dec. 31 deadline to public companies to register all their securities with the commission to boost the NASD Over-The-Counter (OTC) market.

Importers Call For Opening Of Eastern Ports As Measure To Decongest Apapa Gridlock

Some importers on Friday appealed to the Federal Government to open up the seaports in the Eastern flank of the country to decongest ports in Lagos.

Mutilation Of Currency Notes Now A Crime

Tearing, burning, writing and drawing lines on currency notes and coins without the order of authorised person will be crime in Nepal.

NCC Conducts Fresh Due Diligence On Preferred 9Mobile Bidder

The NCC says it is conducting another round of due diligence on Teleology Holdings Limited, the preferred bidder for 9Mobile.

FG Restricts Issuance Of Visa To Foreign Engineers

The Federal Govt has announced that it had commenced the restriction of the issuance of visas to foreigners seeking to take up engineering roles in Nigeria.
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